As anyone with a passing knowledge of bitcoin cash will tell you, BCH and segwit don’t mix. Send BCH to a segwit address and you’re gonna have a bad time. Unless you happen to be a miner with the hashpower and technical prowess to unscramble the mess, in which case you’re gonna have a very profitable time. 493 BCH worth $610k has just been retrieved in that manner by one enterprising individual. The question is, who – and what are their intentions?
Cash and Grab
As news.Bitcoin.com revealed yesterday, hundreds of bitcoin cash are stuck in segwit addresses after individuals mistakenly sent them there. Well, as of today that cash is no longer stuck. Someone has siphoned the lot and those coins now reside in a single address whose contents are worth over $600k. Explaining how they achieved this is complicated; explaining why is much simpler.